Sean Kingston Avoids Maserati Repossession

04/23/2012.

(TMZ) Sean Kingston nearly had his Maserati repossessed for failing to make payments -- but after the leasing company filed a lawsuit, Kingston came through with the cash.

According to court docs filed in Florida, Kingston and his sister signed a lease in 2008 on a 2006 Maserati Quattroporte. The leasing company claims Kingston and his sister fell behind on their payments and stopped paying altogether last November.

The company claimed Kingston and his sister defaulted on the lease and owed $3,503 in back payments, plus the balance of the lease ... an additional $29,323.00.

According to the lawsuit, Kingston and his sister held onto the car despite requests to turn it over, saying the pair "concealed" it at their home in Sunrise, FL.

But the lawsuit got Kingston's attention and he made good on the payments. The leasing company dropped their lawsuit last week. more on this story